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Merrell Dow Marion

Executive Summary

Dow has completed the tender offer by RH Acquisition for 58.5 mil. shares of Marion Labs at $ 38 per share. To date, a total of 135.4 mil. shares of Marion common stock have been tendered, satisfying the minimum requirement for Merrell Dow's acquisition of Marion, proposed on July 18. The combination of Marion and Merrell Dow will take place in the fourth quarter.
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PS016144

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